§ 42:6-1 Application for injunction and receivers or trustees; procedure
§ 42:6-2 List of members filed with clerk of Superior Court
§ 42:6-5 Notice to creditors to file claims
§ 42:6-7 Assessments on members to pay claims
§ 42:6-8 Actions by receivers or trustees for assessments on members
§ 42:6-9 Repayment of excess of funds derived from assessments
§ 42:6-10 Associations dissolved; when
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Terms Used In New Jersey Statutes > Title 42 > Chapter 6 - Application for Injunction and Receivers or Trustees; Procedure

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Service of process: The service of writs or summonses to the appropriate party.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2